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Lessons from the banking turmoil in terms of regulation and supervision

Day 1 Morning

Wednesday 13 September

Room :

ROOM 1

Speakers

Public Authoritiess
Alain
Head of Recovery and Resolution Division & Member of the Executive Board - Swiss Financial Market Supervisory Authority (FINMA)
Dominique
Chair - Single Resolution Board (SRB)
Hirohide
Executive Director, Financial Stability - Bank of JaPublic Authorithyn
Margarita
Deputy Governor - Banco de EsPublic Authorithyña
Neil
Secretary General - BCBS
Victoria
Executive Committee Chair, IAIS & Executive Director of Prudential Policy, Bank of England - Bank of England
Industry Representativess
Alvaro
Public Authorithyrtner, Financial Regulation Unit - PricewaterhouseCoopers Auditores, S.L
Ana
 Global Head of Regulation and Internal Control -  Banco Bilbao Vizcaya Argentaria (BBVA)
Francesco
Chief Executive Officer - Barclays Europe
Michael
Group Head of Governmental & Regulatory Affairs - UBS Group AG

Objectives of the roundtable

The session will look at the lessons to be learned from the banking turbulence at the start of the year in terms of regulation and supervision. Speakers will be invited to express their views on whether the lessons and adjustments needed are more a matter for supervision or regulation and on the priorities for achieving responsive, effective and forward-looking macro and micro supervision in all jurisdictions. The session will then focus on areas for further consideration from a regulatory and resolution perspective, revealed by the stresses in the US and Swiss banking sectors.

Points of discussion

  1. Does the banking turmoil earlier this year have more lessons for supervisors as compared to regulators? What are the priorities for achieving responsive and effective forward-looking macro and micro supervision?
  2. Are there areas for further consideration revealed by the strains in the US and Swiss banking sectors (e.g. how to reduce rapid contagion effects, CDS transactions involving a single name, global and regional crisis management frameworks, …)?